Key Points
- Insider sale: Pason Systems insider Russell Smith sold 13,000 shares on May 11 at an average price of C$14.66, reducing his holdings by 61.9% to 8,000 shares.
- Recent performance and earnings: The company reported quarterly EPS of C$0.17 on revenue of C$102.44 million in its latest earnings release. Analysts expect full-year EPS of about 1.23.
- Analyst outlook and dividend: TD Securities recently raised its rating on Pason Systems to buy/strong-buy and lifted its price target to C$18.00; the stock also carries a 3.7% annualized dividend yield.
Pason Systems Inc. (TSE:PSI - Get Free Report) insider Russell Smith sold 13,000 shares of the firm's stock in a transaction on Monday, May 11th. The shares were sold at an average price of C$14.66, for a total value of C$190,580.00. Following the completion of the sale, the insider owned 8,000 shares in the company, valued at C$117,280. The trade was a 61.90% decrease in their ownership of the stock.
Pason Systems Stock Performance
PSI stock opened at C$14.01 on Wednesday. The company has a debt-to-equity ratio of 5.79, a quick ratio of 3.54 and a current ratio of 2.11. The stock has a market capitalization of C$1.09 billion, a price-to-earnings ratio of 23.35, a PEG ratio of 10.78 and a beta of 0.41. Pason Systems Inc. has a 1 year low of C$11.09 and a 1 year high of C$15.47. The stock's fifty day moving average is C$13.26 and its two-hundred day moving average is C$12.57.
Pason Systems (TSE:PSI - Get Free Report) last posted its earnings results on Thursday, May 7th. The company reported C$0.17 earnings per share (EPS) for the quarter. The company had revenue of C$102.44 million for the quarter. Pason Systems had a return on equity of 9.49% and a net margin of 11.31%. On average, research analysts predict that Pason Systems Inc. will post 1.229765 EPS for the current year.
Pason Systems Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 31st were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date was Tuesday, March 17th. Pason Systems's payout ratio is currently 86.67%.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently weighed in on the stock. TD Securities upgraded shares of Pason Systems from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 5th. TD upgraded shares of Pason Systems from a "hold" rating to a "buy" rating and lifted their price objective for the company from C$13.00 to C$18.00 in a research note on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of C$15.13.
View Our Latest Research Report on PSI
Pason Systems Company Profile
(
Get Free Report)
Pason Systems Inc is an oilfield specialist with fully integrated drilling data solutions. A host of products allow customers to collect, manage, report, and analyze drilling data for performance optimization and cost control. The electronic drilling recorder is the company's primary product, and provides a complete system of drilling data acquisition, data networking, drilling management tools, and reports at both the wellsite and customer office. Other product offerings include wellbore detection solutions, wellsite communications and bandwidth, wellbore gas analyzers, and software for data management.
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